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Old 11-13-2005, 08:18 PM
Diracdelta Diracdelta is offline
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Default How do you Calculate ROI and finding good bets

Hi
Just getting started with sports betting. Have found a few sites that give recommendations on bets. They use a number called ROI, that is about 105-110%, when they describe how well their "betting fund" has grown. I would like to know how you calculate this number. And what this number actually means. Also if you could recommend some site that gives good betting picks for free, or for a acceptable fee.
/Pete
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  #2  
Old 11-13-2005, 08:30 PM
BlackAces BlackAces is offline
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Default Re: How do you Calculate ROI and finding good bets

ROI = net winnings/total amount wagered

It stands for "return on investment."
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Old 11-13-2005, 11:53 PM
youtalkfunny youtalkfunny is offline
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Default Re: How do you Calculate ROI and finding good bets

Assuming you're talking about -110 bets:

You are getting paid 1.91-for-1 (10/11)+1=1.91.

Multiply your win percentage by 1.91. For example, if you're picking 55% winners, then 55*1.91=105.05.

Subtract 100, and you get 5.05. This is your edge if you can pick 55% winners (just like a casino has a 5.26% edge over you at the roulette table).

If you can pick 67% winners, then (67*1.91)-100=27.97, or a 28% edge.

As for the last part, forget about paying for picks. The guys who can win at a decent rate, aren't sharing any info for any price. The guys who ARE selling picks, aren't winning anything (unless they're having a lucky year).

For ten years, I've been posting in poker forums, sharing ideas and strategies. If YOU get good at poker, there's still plenty of chances for ME to make money.

But if my strategies to beat sports get publicized, my oppurtunities will dry up QUICK.

David S mentioned an angle for betting NBA playoff games in GFaL. Once word got out about it, that edge evaporated in a hurry.

(The exception seems to be NFL teasers, but that seems like poker--there are enough idiots out there betting them wrong, that the books continue to take the bet, and let smart players beat them.)
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Old 11-14-2005, 01:51 AM
Mr_J Mr_J is offline
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Default Re: How do you Calculate ROI and finding good bets

"The guys who can win at a decent rate, aren't sharing any info for any price."

You're very wrong.
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Old 11-14-2005, 01:53 AM
craig r craig r is offline
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Default Re: How do you Calculate ROI and finding good bets

[ QUOTE ]
"The guys who can win at a decent rate, aren't sharing any info for any price."

You're very wrong.

[/ QUOTE ]
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  #6  
Old 11-14-2005, 01:23 PM
Diracdelta Diracdelta is offline
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Default Thanks for the help

Just wanna say thanks for the answers. Will have to take a look at the NFL teasers [img]/images/graemlins/smile.gif[/img].
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  #7  
Old 11-15-2005, 05:23 AM
youtalkfunny youtalkfunny is offline
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Default Re: How do you Calculate ROI and finding good bets

OK, how about:

The guys who can win at a decent rate, aren't screaming into a microphone on weekend morning radio and tv shows, alternately mentioning THEIR stellar record, and YOUR credit card.

Better?
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  #8  
Old 11-15-2005, 07:59 AM
Mr_J Mr_J is offline
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Default Re: How do you Calculate ROI and finding good bets

Sure. I guess I put it a bit strongly, since they (good cappers) are quite rare when you consider the number of scamdicappers around. This is a good thing. Ironically, a good site I know of comes across as scamdicappers. Just marketing though.
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